| Type | Privately held company |
|---|---|
| ISIN | US4650744091 |
| Industry | Banking |
| Founded | 1949 |
| Headquarters | 1114 Avenue of the Americas, , U.S. |
Area served | United States, Latin America & Israel |
Key people | Ziv Biron (President & CEO) |
| Products | Private banking Commercial banking Asset management Investment management |
| Total assets | US$12.951 billion (2021) |
| Parent | Discount Bank |
| Subsidiaries | IDB Capital |
| Rating | Standard & Poor's: BBB+ [1] Kroll Bond Rating Agency: A− [2] |
| Website | www |
IDB Bank (IDB) is an American multinational private bank, commercial bank and financial services company headquartered in New York City with locations in the United States, Latin America and Israel. It is chartered by the State of New York and a member of the Federal Deposit Insurance Corporation.
What is known today as IDB Bank first began in 1949 as a single representative office in New York City for Tel Aviv-based Discount Bank. The office had just a few employees and limited contact with the public. [3]
In 1961, New York State law changed to allow foreign banks to operate full branches. [4] IDB immediately began work on opening a full-service branch of its own. On April 4, 1962, former First Lady of the United States Eleanor Roosevelt officiated the opening of IDB's first-ever branch at 511 Fifth Avenue in Midtown, Manhattan. [5]
In 1968, IDB acquired HIAS Immigrant Bank, a New York State licensed bank located at 425 Lafayette Street in the East Village neighborhood of Manhattan. Established in 1923 as a service of the Hebrew Immigrant Aid Society, HIAS Immigrant Bank's sole purpose was to facilitate remittance or money transfers to and from immigrants’ families abroad, which was then a service not offered by most U.S. banks. [6] IDB announced it would operate the acquisition as Israel Discount Trust Company, a member of the Federal Deposit Insurance Corporation. [7]
By 1980, IDB became a wholly owned subsidiary of Discount Bank as "Israel Discount Bank of New York" [8] and later purchased the registered service mark "IDB Bank" to reflect its expansion into markets outside of New York and describe its service as a "bank".
IDB's headquarters are located in the W. R. Grace Building. [9]
Outside of New York, IDB has physical locations in New Jersey, Florida [10] and California, [11] as well as Chile, Uruguay and Israel.[ citation needed ]
IDB can mean:
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People's United Financial, Inc., was an American bank holding company that owned People's United Bank. The bank operated 403 branches in Connecticut, southeastern New York State, Massachusetts, Vermont, Maine, and New Hampshire. It was the second-largest full-service bank in New England, one of the largest in the northeast, and the 46th-largest in the United States.
First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina. Its primary subsidiary is First Citizens Bank, which operates over 500 branches in 23 states and is on the list of largest banks in the United States.
The Greenwich Savings Bank was an American savings bank based in New York City that operated from 1833 to 1981. At the time of its closure in 1981, it was the 16th largest bank in the U.S. by total deposits.
Bank regulation in the United States is highly fragmented compared with other G10 countries, where most countries have only one bank regulator. In the U.S., banking is regulated at both the federal and state level. Depending on the type of charter a banking organization has and on its organizational structure, it may be subject to numerous federal and state banking regulations. Apart from the bank regulatory agencies the U.S. maintains separate securities, commodities, and insurance regulatory agencies at the federal and state level, unlike Japan and the United Kingdom. Bank examiners are generally employed to supervise banks and to ensure compliance with regulations.
The New York State Banking Department was created by the New York Legislature on April 15, 1851, with a chief officer to be known as the Superintendent. The New York State Banking Department was the oldest bank regulatory agency in the United States.
IBERIABANK Corporation, stylized as IBERIABANK, was an American financial holding company headquartered in Lafayette, Louisiana, and the largest bank based in the state. Founded in 1887, it had 325 combined locations, including 190 bank branches and three loan production offices in 12 states primarily throughout the South. The company had 16 wealth management locations in five states, and one Iberia Capital Partners office in New Orleans.
PacWest Bancorp is a bank holding company based in Beverly Hills, California, with one wholly owned banking subsidiary, Pacific Western Bank. It has 69 branches in California, primarily in the southern and central parts of the state, one in Denver, Colorado, one in Durham, North Carolina, and several loan production offices across the country. The company is in the process of being acquired by Banc of California.
Leon Recanati is an Israeli businessman and philanthropist.
Signature Bank was an American full-service commercial bank headquartered in New York City and with 40 private client offices in the states of New York, Connecticut, California, Nevada, and North Carolina. In addition to banking products, specialty national businesses provided services specific to industries such as commercial real estate, private equity, mortgage servicing, and venture banking; subsidiaries of the bank provided equipment financing and investment services. At the end of 2022, the bank had total assets of US$110.4 billion and deposits of $82.6 billion; as of 2021, it had loans of $65.25 billion.
Uri Levin, is the CEO of Discount Bank, one of Israel's leading banks. Levin is a trained pilot who served in the Israeli Air Force before building his career as a business executive.
